Mind the Gap : What is the Best Measure of Slack in the Euro Area? /
Assessing the magnitude of the output gap is critical to achieving an optimal policy mix. Unfortunately, the gap is an unobservable variable, which, in practice, has been estimated in a variety of ways, depending on the preferences of the modeler. This model selection problem leads to a substantial...
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| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2001.
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| Collection: | IMF Working Papers; Working Paper ;
No. 2001/203 |
| Accès en ligne: | Full text available on IMF |